How are you going to finance it???
#26
Yeah, I'm totally on that wavelength. The interest paid on a home equity line of credit is tax deductible - how does that not make sense? So, here's my question. I just bought a house in August 2002. I took an immediate home equity loan to settle the 20% and not have to pay PMI. Is it possible to have 2 lines of credit on the same equity of the house? I wouldn't think so, but I got to thinking and said why not? Any advice is much appreciated.
#27
Originally posted by pmacwill
you do realize, you DON'T want to do a variable rate on your car right? interest rates are extremely low now so you should get a fixed rate. you are taking a gamble with the variable, and seeing how things historically go, the variable rate is only likely to increase over the next year or 2 if not further as well. and as far as fixed rates go, 5.75% is ridiculously high when you can get a 60 mo for $30k for around 4.25-4.5% fixed from peopleschoice or somewhere else.
I have accounts with both USAA and navy federal, but as far as loans go, just look for the lowest fixed rate you can get and go with it. who cares if you already have a history or an account with the bank or what they invest your interest in, what they do with your loan once they have it. all you are responsible for is the monthly fixed payment, so you should focus on getting it as low as you can.
you do realize, you DON'T want to do a variable rate on your car right? interest rates are extremely low now so you should get a fixed rate. you are taking a gamble with the variable, and seeing how things historically go, the variable rate is only likely to increase over the next year or 2 if not further as well. and as far as fixed rates go, 5.75% is ridiculously high when you can get a 60 mo for $30k for around 4.25-4.5% fixed from peopleschoice or somewhere else.
I have accounts with both USAA and navy federal, but as far as loans go, just look for the lowest fixed rate you can get and go with it. who cares if you already have a history or an account with the bank or what they invest your interest in, what they do with your loan once they have it. all you are responsible for is the monthly fixed payment, so you should focus on getting it as low as you can.
#28
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Originally posted by pmacwill
you do realize, you DON'T want to do a variable rate on your car right? interest rates are extremely low now so you should get a fixed rate. you are taking a gamble with the variable, and seeing how things historically go, the variable rate is only likely to increase over the next year or 2 if not further as well. and as far as fixed rates go, 5.75% is ridiculously high when you can get a 60 mo for $30k for around 4.25-4.5% fixed from peopleschoice or somewhere else.
you do realize, you DON'T want to do a variable rate on your car right? interest rates are extremely low now so you should get a fixed rate. you are taking a gamble with the variable, and seeing how things historically go, the variable rate is only likely to increase over the next year or 2 if not further as well. and as far as fixed rates go, 5.75% is ridiculously high when you can get a 60 mo for $30k for around 4.25-4.5% fixed from peopleschoice or somewhere else.
but yes, if you're adverse to risk, get the (obviously lowest possible) fixed rate, and if you're comfy with riding the wave and are positive about the (highly speculative) future, then go with the variable rate.
#29
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Originally posted by VWjet
I just applied for peoplefirst.com through Costco. I'll report out on the rate actually attained. Online the rates are:
peoplefirst.com through Costco
12-36 mos: 3.74%
37-60 mos: 4.14%
61-72 mos: 4.74%
These rates apply if you choose to have the monthly amount withdrawn from a checking acc't, etc. otherwise, it is 0.5% higher
I just applied for peoplefirst.com through Costco. I'll report out on the rate actually attained. Online the rates are:
peoplefirst.com through Costco
12-36 mos: 3.74%
37-60 mos: 4.14%
61-72 mos: 4.74%
These rates apply if you choose to have the monthly amount withdrawn from a checking acc't, etc. otherwise, it is 0.5% higher
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quinxy
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07-18-2003 05:05 PM